Gerry Canavan

the smartest kid on earth

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In that sense, yesterday’s development undermined the basic vision of the conservative movement: that decoupling taxes and spending would cause revenue and outlay arrows to diverge; and that when faced with the resulting unsustainable debt load, the country’s representatives, pushed by powerful interest groups, would keep the tax rates and scotch social programs. Choose the corporate state over the entitlement state.

That didn’t happen.

Brian Beutler argues that the McConnell plan signals the Republicans’ blinking not only on the debt ceiling fight but on thirty years of anti-tax fanaticism.

Written by gerrycanavan

July 13, 2011 at 10:00 am

5 Responses

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  1. Republicans are already turning, en masse, against this plan.

    Alex

    July 13, 2011 at 10:06 am

  2. Absolutely, but the leadership likes it and the Democrats would be nuts to turn it down. So even if the bulk of the party completely hates it and votes against it can probably still pass — which means, as a bonus, we could finally get the start of the long-awaited GOP civil war between the cynics and the crazies. (Who would I want to win? Don’t make me choose!)

    This would be a victory only in negative, but it’s a hell of a lot better than what we were looking at a few days ago.

    gerrycanavan

    July 13, 2011 at 10:13 am

  3. You said it!

    Tim Morton

    July 13, 2011 at 10:15 am

  4. Has there been any decision on raising the debt ceiling ? How can the economy become so crippled, and expect to survive ? Only President Obama looked worried. It is due on august 2nd, and he said the people will not receive their regular cheques if the ceiling is not raised. He is making me nervous too.

    Mary Dicerni

    July 13, 2011 at 11:45 pm

    • No deal yet. It looks like things actually took a step backward today.

      gerrycanavan

      July 14, 2011 at 12:13 am


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